Monday, May 15, 2017
If the important fact is not whether money first arose to replace barter, then what are the important facts?
• A cycle of civilization exists;
• it is an economic cycle, as is the business cycle;
• it can be observed in the rise and fall of money; and
• it is driven by the dispersion and accumulation of wealth.
Posted by The Arthurian at 4:00 AM